.
MergerLinks Header Logo

Announced

Completed

JD Sports completed the acquisition of Shoe Palace from Mersho Family for $325m.

Financials

Edit Data
Transaction Value£243m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales0.8x
EV/EBITDA6.25x
Share Price Premium-
One Off Charge-

Tags

Edit

Acquisition

Single Bidder

Majority

United States

Footwear

Private

Completed

Friendly

shoes

Cross Border

Synopsis

Edit

JD Sports, a retailer of sports, fashion and outdoor brands, completed the acquisition of Shoe Palace, an athletic footwear and apparel retail chain, from Mersho Family for $325m. ''We are delighted to have completed the acquisition of Shoe Palace. The Shoe Palace team are ambitious, have great energy and pride themselves on their consumer connection and we welcome them to the Group. We are confident that our combined fascias will provide us with the flexibility and expertise to fulfil our mutual ambition of becoming a prime customer destination for sneakers and lifestyle apparel in the United States," Peter Cowgill, JD Sports Executive Chairman.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US